The New Citrix Convertible: Saving Millions In The Cloud From Both Sides Now
Grazed from Forbes. Author: Bill Feingold.
Citrix Systems CTXS -0.25%, which did cloud computing before there was cloud computing, just issued a big convertible bond. The company got a great deal. If you’re surprised by that, you haven’t been paying attention. But it’s worth taking a minute to see how Citrix and companies like it are seizing on the opportunity provided by a historical imbalance between supply (low) and demand (high) for convertibles.
First of all, Citrix is a terrific company. If you do anything business-related online, you’ve probably used Citrix. Basically, Citrix’s products and services make small computers far more powerful, both by connecting them and by helping them compute more powerfully through “virtualization.” The remote-access service GoToMyPC, for instance, is under Citrix’ corporate umbrella…


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